question for business studies (1 Viewer)

[aryaveer_7]

Hi there, currently preparing for my business report assessment for marketing, when I'm talking about strategies that the company can implement, do I talk about the negatives or strictly the positives? I feel like I should be showing both sides, like for example, Pricing Strategies 'price skimming' can help produce a brand image built around quality. But a price skimming model only works for a short amount of time, and if a business reduces its prices too late, its customers may look to cheaper competitors, leading to a loss of revenue.

any feedback would be appreciated!

 

[Study to success]

umm I feel like it's better to describe both but It depends on the question and whether or not there are both positives and negatives.

 

[aryaveer_7]

umm I feel like it's better to describe both but It depends on the question and whether or not there are both positives and negatives.

okay thank you so much

 

[cloudsinmycoffee]

i always included disadvantages to prove to the marker that i knew that they existed HOWEVER you need to be smart about how you phrase it to ensure that you are still meeting the recommend directive.

For example:
While price skimming only works for a short period, it is necessary in this instance to ensure this product is perceived as high quality.

Although price skimming can deter some price conscious customers, this business can manage the risk of unwanted competition by strategically monitoring the level of sales. This will ensure that the product’s image remains of utmost quality while not sacrificing revenue by being unaware and inflexible.

Not perfect but you get the idea! Never say anything negative without explaining how you undo it / why the pros outweigh the cons. This is because you’re RECOMMENDING. If you thought that any of these disadvantages were significant enough you would not be putting this forward as the best option. Keep this in your mind and your responses will be so much clearer.

ALSO if it’s not a recommend just discuss neutrally as usual. Both pros and cons.

 

[Jaros]

Hi there, currently preparing for my business report assessment for marketing, when I'm talking about strategies that the company can implement, do I talk about the negatives or strictly the positives? I feel like I should be showing both sides, like for example, Pricing Strategies 'price skimming' can help produce a brand image built around quality. But a price skimming model only works for a short amount of time, and if a business reduces its prices too late, its customers may look to cheaper competitors, leading to a loss of revenue.

any feedback would be appreciated!

depends on the verb, if it says discuss then positives and negatives.